ROYALTY & COMPLIANCE AUDIT

Discover Unreported Royalties and Enrich Your Bottom Line

What is a Royalty Audit?
A royalty audit verifies whether a Licensee (user of a patent, license or franchise) is complying with the licensing agreement or contract by paying the Licensor the correct amount of fees that were agreed upon in the agreement or contract. It provides quantifiable and supported findings that can aid in the strategic negotiation and collection of unreported royalties.

This audit also identifies areas that are unclear, offering the opportunity to improve terms and conditions in future licenses—as well as developing a more long-term strategic partnership between Licensor and Licensee.

Benefits of a Royalty Audit

Enhance Return on Investment (ROI), including recovering cash due

Improve templates to make future agreements clearer and more succinct

Improve control and deliver better internal analysis of royalty reports